Recently completed, the single-level ocean-view house features a double-island kitchen, four bedrooms, 41/2 bathrooms and 4,600 square feet of living space. The five-acre site includes a pool, a spa, gardens, fountains, an expansive lawn and a Bocce ball court.

Lloyd, 73, is widely known for his roles in the sitcom "Taxi" (1978-83) and the "Back to the Future" trilogy. He is working on a comedy pilot for ABC.

The Emmy-winning actor is selling because he is downsizing his real estate holdings and spending more time in New Mexico.